The below are the various Statutory Obligations for the month of December 2023.Please ensure to comply with the obligations to avoid Interest / Penalty Sl. No Nature of Statutory Obligation Statute Due Date Link 1 Due Date for Payment of TDS for the month of November 2023 Income-Tax 07th Dec 2023 Link for Payment of …
Statutory Obligations for the month of December 2023 Read More »
Double Taxation Avoidance Agreement (DTAA) in India In the complex world of international taxation, Double Taxation Avoidance Agreements (DTAAs) are a boon for individuals and businesses. These agreements are designed to prevent double taxation, ensuring that income is not taxed in both the home country and the foreign country. India, a hub for international trade …
Demystifying Double Taxation Avoidance Agreement (DTAA) in India Read More »
The CBDT has notified vide its Notification No 39/2023 dtd 12.06.2023 that the Cost Inflation Index (CII) for the year 2023-24 be 348. What is Cost Inflation Index? The Cost Inflation Index (CII) is a crucial parameter used in the Indian tax system to adjust the purchase cost of assets and investments for inflation. It …
Advance Tax 1st Instalment Due on June 2023: Importance and Consequences Advance tax is a key aspect of income tax in India, requiring taxpayers to pay estimated tax liability in installments. The first instalment for the financial year 2023-24 is due in June 2023. Non-payment has significant repercussions. Let’s explore the importance of timely payment …
Advance Tax 1st Instalment Due on June 2023: Importance and Consequences Read More »
10 Crucial Guidelines for Accurate Tax Filing Filing taxes can be an intimidating task, and even a small error can have significant repercussions. As an esteemed CA firm in India, we understand the importance of precise tax filing and its impact on financial matters. In this blog post, we will present you with ten essential …
Discover the 7 crucial reasons why income tax return filing is vital for individuals and businesses. Gain insights into the benefits, process, and important considerations to ensure a smooth ITR filing experience.
Follow the below mentioned procedures to make Self Assessment Tax payment for FY 2022-23 (AY 2023-24) 1. Go to the Below Link – https://www.incometax.gov.in/iec/foportal/ 2. Click e-Pay Tax 3. Provide Pan/Tan and Mobile Number 4. Enter the received OTP 5. Click Proceed under Income Tax 6. Provide your Pan/Tan and Name 7. Select 2023-24 under Assessment Year & Self Assessment …
How to make Income tax payment online for AY 2023-24 (FY 2022-23) Read More »
Survey and Search as per Income tax act are different. There are differences between Survey & Search. Please find the differences here
The last installment of payment of Advance tax falls due on 15th March 2023. The tool for calculating advance tax and also tax payment procedure is attached herewith
The due date for payment of Advance Tax for the Financial Year 2022-23 (AY 2023-24) is 15th September 2022. Please Check the below post to check if you are liable to pay Advance Tax The Procedure for Tax payment is provided in this link
1) ITR should be verified within 30 days instead of earlier 120 days 2) Only speed post mode is allowed for manual verification 3) Returns filed till 31.07.22 can be verified within 120 days 4) Date of e-verification or manual verification is the date of filing the returns in case of returns e verified or …
Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total …
Are you liable to pay Advance Tax? Check this out…. Read More »
Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total …
Are you liable to pay Advance Tax? Check this out…. Read More »
Paying electricity Bills more than 1 Lakh? Ensure you file your Income tax returns
Do you have more than one PAN? Check out what are the consequences and how to correct it.
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